Teleste has said the number of orders received from Europe within its Broadband Networks business fell short of expectations.
Announcing second quarter net sales of €40.1 million, an increase of 4.5%, the Finnish tech firm said orders had” decreased clearly” from the comparison period.
Next generation DOCSIS 4.0 products developed for the North American market have now entered the final acceptance testing phase with its main customer. Preparations for a ramping up of production have now begun ahead of the first deliveries in Q4 23.
Productions volumes will increase progressively during 2024, as Teleste increases the automation of the production of the new products.
The company is maintaining its full-year 2023 guidance, though has admitted that the second half of 2023 will be more difficult than the first.
